USD/JPY erased morning session losses and jumped into positive territory after U.S. PMI data surprised to the upside, bolstering U.S. Treasury yields across the curve.
The GBP/USD recovery is at initial resistance with a key technical confluence just higher- risk for exhaustion into the June open. Levels that matter on the weekly chart.
A three-week collapse in the British Pound takes price towards longer-term support- bears are on notice. Levels that matter on the GBP/USD weekly technical chart.
British Pound has collapsed more than 9% off the yearly high with Sterling now testing a critical pivot zone. Levels that matter on the GBP/USD weekly technical chart.
British Pound is in contraction just above support at the monthly / yearly range low– battle lines are drawn. Levels that matter on the GBP/USD weekly technical chart.